What is Astar (ASTR), How and Where to Buy?

Esat Demirtaş 16 April 2023Last Updated: 16 April 2023

3 minutes read

What is Astar (ASTR), How and Where to Buy?

Cryptocurrencies, which are on the rise in crypto markets, especially when the bear market is dominant, attract more attention of investors. Astar (ASTR) Token, better known as Astar Coin and ASTR Coin, has also attracted attention with its rise at just such a time.

In this article, we will try to convey the answers to all questions about Astar (ASTR), such as where to buy ASTR Coin, how to buy ASTR Coin, together with the question of what is Astar (ASTR).

Contents

What is Astar?

Astar is a multi-chain smart contract platform that supports multiple blockchains and virtual machines.

Astar, whose full name is Astar Network, is located in the Polkadot network and provides smart contract support on many NFT, DeFi and DAO projects.

With Astar Network, which launches itself as the future of multi-chain technology, it is currently possible to connect Ethereum and Cosmos blockchains to the Polkadot network as layer 1, and work on new blockchains continues.

Creating a parachain where Ethereum Virtual Machine (EVM) and WASM smart contracts can coexist and communicate with each other, Astar is constantly improving itself to provide the best solution for all developers.

What is ASTR Token?

ASTR Token is the native token token on Astar Network’s Polkadot blockchain.

ASTR Token, more commonly known as ASTR Coin and therefore more frequently asked by the question of what is ASTR Coin, is designed to be used to pay all transaction fees on the Astar Network. In addition, wallets holding ASTR Tokens are entitled to vote in the governance and voting systems on the Astar Network.

While there is no maximum supply information of ASTR Token, which has the staking feature and also offers its holders the opportunity to earn extra income, its total supply appears to be 7,000,000,000 (7 Billion).

The total supply distribution of ASTR Token, which does not make any pre-sales and ICOs, is as follows:

30% of early investors and users,
20% to the 2021 parachain auction,
5% to the parachain reserve,
10% to protocol improvements,
5% to DAO,
5% part is marketing studies,
10% to financial supporters,
5% as a working incentive to the team and
10% to the foundation.

How and Where to Buy ASTR Token?

Again, many people ask where to buy ASTR Coin or how to buy ASTR Coin. Since ASTR Token is already listed in central crypto exchanges, we can say that the answer to the question of where to buy ASTR Token is central crypto exchanges that list ASTR Tokens.

Let’s now come to the answer to the question of how to get ASTR Token! You can follow the steps below to buy ASTR Tokens on Gate.io, one of the central crypto exchanges that list:

Login to your Gate.io Exchange account. If you do not have an account on the Gate.io Exchange, click here to create one.
Transfer the amount of ASTR Token you want to buy after logging into your account. You can use the Tron (TRX) cryptocurrency because of its affordable transfer fees.
After your transfer reaches your Gate.io account, go to the Markets page and type ASTR in the search section and select the ASTR/USDT parity.
On the page that opens, determine the amount you want to buy and click the Buy ASTR button to complete the purchase.

If you are looking for a detailed guide on the use of Gate.io Exchange, you can review our article titled Gate.io Exchange and Detailed User Guide.

Frequently Asked Questions About Astar (ASTR)

In this section, we will try to answer the most frequently asked questions from people about Astar Network and ASTR Token. This section will be regularly updated upon incoming requests and questions.

On Which Exchanges Is Astar (ASTR) Available?

The first question that many people who hear about Astar (ASTR) ask is which exchange is ASTR Coin or which exchange is Astar Coin. Astar (ASTR) is already listed on many crypto exchanges, including Binance. For purchasing, Gate.io Exchange, whose volume and mobility will be an advantage, will be a logical option.

What is Astar (ASTR Coin)?

ASTR is actually a token, not a coin, because it resides on the Polkadot blockchain. However, many people now prefer the terms ASTR Coin and Astar Coin because of the habit of mouth.

Is Astar (ASTR) a Future Project?

Astar Network, together with the Polkadot network, offers a multi-chain system between many networks, as well as bringing the Relay Chain feature to a widely used network like Polkadot, so we can say that it is a bright project with ASTR Token.